Isaac Lustgarten & Oren Alexander Of Official Represent Buyer For $11.3M Condo Deal
9110 West Bay Harbor Drive
$11,300,000
$2,188/SF
Building Size
5,164 SF
Asset Type
Condo
Closing
Apr 10, 2024
AI
The priciest condo to secure a contract is a five-bedroom, five-bathroom penthouse located at the Indian Creek Residences on 9110 West Bay Harbor Drive in Bay Harbor Islands, with a listed price of $11.3 million. Spanning 5,164 square feet, the luxurious unit is part of Jonathan Landau's development project under Landau Properties.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $11,300,000
- Address: 9110 West Bay Harbor Drive
- Market: Bay Harbor Islands
- Developer: Jonathan Landau - Landau Properties
- Buyer's Rep: Isaac Lustgarten & Oren Alexander - Official
- SF: 5,164
- PPSF: $2,188
Isaac Lustgarten and Oren Alexander from Official played instrumental roles in facilitating the transaction, representing the buyer. The condo's developer, Jonathan Landau of Landau Properties, oversaw the creation of this magnificent penthouse, setting a new benchmark for luxury living in the Bay Harbor Islands market.
Players
Bay Harbor Islands Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93